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EU gives CCR state guarantee a reprieve

The European Commission (EC) has judged that the state guarantee provided to French reinsurer Caisse Centrale de Réassurance (CCR) for natural catastrophe risks complies with EU internal market rules.

Catrin Shi, 26 September 2016
China Taiping international P&C profits fall by a third

Profits at China Taiping's international P&C and reinsurance operation fell by 30.3 percent to HK$445.3mn ($57.4mn) in the six months to 30 June.

Matthew Neill, 26 September 2016
ArgoGlobal launches cyber division

ArgoGlobal has entered the cyber insurance market with the hire of Russell Heaton from Tokio Marine Kiln, it announced today.

Catrin Shi, 26 September 2016
Gap warehouse fire loss could cost $250mn-$400mn

The property direct and facultative market is facing a $250mn-$400mn gross loss following a fire at a warehouse belonging to clothes retailer Gap, The Insurance Insider can reveal.

Adam McNestrie, 26 September 2016
Moody’s upgrades Scor

Rating agency Moody's has upgraded its insurance financial strength rating for Scor from A1 to Aa3 with a stable outlook, it announced on Friday (23 September).

Winifred Okocha, 26 September 2016
Everest Re appoints head of E&S casualty

Maria Duffy has joined Everest Re from Markel to take up the role of head of excess and surplus (E&S) casualty, the company said on Friday (23 September).

Adam McNestrie, 26 September 2016
Brit launches Names-backed Lloyd’s syndicate

Lloyd's carrier Brit is launching a Names-capital backed syndicate which aims to begin underwriting business attaching on or after January 2017.

Matthew Neill, 26 September 2016
Aspen Re names new Asia Pacific head

Aspen Re has appointed Philip Hough as managing director for the Asia Pacific region, it announced today.

Winifred Okocha, 23 September 2016
China Re profits plunge 59% in H1

Group net profits at state-owned reinsurer China Re fell 58.8 percent in the first half of the year to 2.75bn yuan ($412mn).

Matthew Neill, 23 September 2016
Tullow confirms non-BI Jubilee losses covered

Tullow Oil, the operator of the Kwame Nkrumah floating production, storage and offloading (FPSO) vessel in the loss-stricken Jubilee oil field, has confirmed that damage to the facility's turret has been covered by its reinsurers.

Matthew Neill, 23 September 2016

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